Wed.Mar 09, 2022

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How Much Debt is Needed to File for Bankruptcy?

Sawin & Shea

When facing bankruptcy, many wonder how much debt is needed to file bankruptcy. There is no minimum amount of debt you need in order to file for bankruptcy, but there are other critical factors you need to take into consideration before filing under Chapter 7 or Chapter 13. In this blog, we discuss details regarding bankruptcy you need to take into consideration before filing, including factors indicating whether or not you should file and whether you can discharge all of your debts.

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Travel Insurance Might Not Cover COVID-19 — Unless You Upgrade 

Nerd Wallet

When traveling during the COVID-19 era, it can make sense to have travel insurance. These days, trips have been canceled for all sorts of COVID-19-related reasons, beyond actual illness, such as disinclination to travel if cases spike or government restrictions that prohibit you from traveling at all. Given the myriad of pandemic-era travel challenges, springing.

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Bad to Worse: How COVID-19 Exacerbated Financial Insecurity

Prosperity Now

We are still experiencing the impact of COVID-19, but low-income families are bearing the brunt of the economic fallout.

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High-Yield Bonds: What You Need to Know

Nerd Wallet

What is a high-yield bond? High-yield corporate bonds — also called “junk bonds” or “non-investment grade bonds” — are debt obligations issued by companies looking to raise capital, and they generally offer higher interest rates than investment-grade corporate or government bonds because their risk factor also may be higher. As with any bond arrangement — investors.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Survey: When Do Fraud Controls Ruin the Customer Experience?

Fico Collections

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space. The rapid rise of scams and other crimes, as well as the increasingly diverse methods used by fraudsters, has only increased the pressure for banks to protect customers from scammers and detect

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FCRA Litigation: A Look Ahead for 2022

Troutman Sanders

Click here to listen. Join Troutman Pepper Consumer Financial Services Partner Dave Gettings for a special podcast series dedicated to exploring the Fair Credit Reporting Act (FCRA). In this inaugural episode, Dave talks with fellow Troutman Pepper Partner David Anthony, who is nationally recognized for representing consumer financial service companies, particularly in FCRA class actions.

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California’s Highest Court Confirms Lenders Owe No Duty to Borrowers to Process, Review, and Respond to Loan Modification Applications and Nixes Negligence Claim

Consumer Finance Watch

Wayne Streibich, Diana M. Eng, Cheryl S. Chang, and Jessica A. McElroy Financial institutions, lenders, and servicers should take note that the California Supreme Court affirmed a Court of Appeal decision confirming there is no duty for a lender to … Continue reading → The post <strong>California’s Highest Court Confirms Lenders Owe No Duty to Borrowers to Process, Review, and Respond to Loan Modification Applications and Nixes Negligence Claim</strong> appeared first

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Consumer Financial Services Year in Review and A Look Ahead Webinar Series: Litigating Consumer Claims in a Post-Regulation F World

Troutman Sanders

Register Here Wednesday, March 9 • 3:30 – 4:3 0 p.m. ET. Please join us on March 9 for a complimentary webinar to discuss how Regulation F represents a sea of change to how consumer and debt collectors will approach lawsuits brought under the Fair Debt Collection Practices Act. This webinar will explore the new safe harbors and rebuttable presumptions introduced by Regulation F and will provide participants with practical litigation strategies for defending new FDCPA claims.

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Addressing Tax Considerations in an M&A Transaction

Fraser

Whether you’re the buyer or seller in an M&A transaction, it is important to understand and address the various tax considerations associated with the transaction. Numerous factors during the buying/selling process will shape the transaction, and without a tax specialist advising you, it is likely you may miss the myriad of important tax issues that are involved.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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U.S. Economy is Strong Despite Geopolitical Uncertainty, Wells Fargo Says

NACM

The conflict in Ukraine is pushing already record-breaking inflation higher and adding to market volatility. However, the U.S. economy has shown strong signs of being able to weather the storm, according to the most recent Wells Fargo Weekly Commentary."U.S. financial exposure to Russia appears to be rather limited," Wells Fargo says. "….

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